Business sectors most affected by climate change advice, World weather systems changing pattern
The Business Sectors That Are Most Affected By Climate Change
28 September 2022
Climate change is a topic that’s on everybody’s mind. The planet is in a state where our next actions will determine the severity of the change to the world’s weather systems, and all eyes are on big businesses to lead the way. But why is this?
One of the reasons is that businesses are responsible for many of the world’s emissions. Therefore, these companies stand a chance of making the biggest difference. However, climate change will also most likely affect these companies. You may be surprised by how many industry sectors rely on the weather to make a profit. As such, the following industries are the business sectors that are most affected by climate change.
The Business Sectors That Are Most Affected By Climate Change – List
Fishing
Commercial fishing is a big part of the food industry. Our oceans contain a wide variety of fish, and these foods are necessary for maintaining a balanced diet. As a result, there is money to be made by fishing the oceans and selling the results for profit. Unfortunately, a lot of this industry relies on the healthy nature of the fish in question.
Some fish need certain temperatures to thrive and reproduce. The melting of the ice caps and subsequent rising of the sea levels is slowly increasing the temperature of some of the biggest oceans on our planet. This means that fewer fish can cope in this environment, so there will be less to sell for businesses in the commercial fishing sector.
Agriculture
The oceans aren’t the only ecosystem developed to work in tandem with the planet’s temperatures. Plant life also requires specific temperatures to thrive, so farmers may struggle to cultivate enough crops to sell in the future if weather patterns change drastically.
Energy
The way that energy is created has had a huge effect on the potential damage that comes from climate change. As such, many energy businesses are being encouraged to find alternative solutions for generating energy. Burning fossil fuels is not sustainable, and the carbon produced from this act is one of the leading contributors to climate change. Once all this fuel is gone, that is it for good.
Therefore, energy companies will soon need to invest in renewable energy sources, such as wind power and solar panels. Hopefully, these practices are easier to manage, meaning that energy will become cheaper for the consumer. Anyone who wants to know more can learn about climate change at the University of Cambridge Institute for Sustainability Leadership. Their courses on sustainable leadership should better equip leaders to manage these changes while informing you about how to prevent them before it is too late.
Architecture
These renewable energy sources will need to be implemented in all future homes and buildings, which means that architecture is going to adapt to keep up with these requirements. Solar panels are quickly becoming the go-to resource for new builds in the western world, so roofs will need to be constructed with these issues in mind.
However, power isn’t the only element that goes into sustainable architectural practices. Lighting is another factor that can affect the number of greenhouse gases that are emitted by the average home. Therefore, architects are always searching for greener methods of lighting an area. Expect to see lots of high windows and LED lighting in the housing market of the future. This will also be the case for commercial properties.
Vacation Hotspots
The main reason why people visit the Alps in Europe is for the skiing potential. That is why so many companies have chosen to set up their own ski resorts and holiday destinations in the region. The holiday market requires the input of several business markets to stay afloat. A resort needs food, accommodation, and entertainment. Unfortunately, the rising temperatures in this part of the world are melting the snow. Without the snow, people can’t ski. Therefore, every business involved will have to close shop or move elsewhere. The Alps are a long way from becoming desolate, but the changes you make today can influence the health of this landscape. It’s a similar story for tropical island paradises. They may soon be underwater due to rising sea levels.
Insurance
Most insurance companies include weather damage in some of their coverage packages. This cover should protect you financially in the event of a flood, hurricane, earthquake, or any other acts of God that can put you out of pocket. One of the biggest problems accompanying climate change however, is that these freak weather events are going to become more common. This is especially true of areas that do not typically feature these types of weather.
This means that insurance providers will need to raise their prices to keep up with the demand of people claiming money for these types of damage. Unfortunately, it isn’t just property insurance that is going to be affected by these changes. Personal injury is another side effect of these weather effects, which means that health insurance providers and life insurance providers will both feel the pinch if climate change continues to get out of hand.
Car Manufactures
Remember earlier when we mentioned how the burning of fossil fuels contributes to climate change?The burning of petroleum propels cars, and the emission is expelled out the exhaust pipe. Sadly, the initial car manufacturers were unaware of the effect this process would have on the atmosphere. As a result, modern cars have been developed and improved based on these early models.
Now that the world is more familiar with car emissions and their link to climate change, more pressure is being placed on the manufacturers to create greener vehicles. This means that the cars on the market are going to be very different in several years, with many of them running with an electrical or hybrid engine. Any car manufacturers that fail to meet the eco-friendly requirements of modern vehicles are likely to go the way of the dodo.
Business sectors most affected by climate change – Conclusion
Climate change is something that is likely to affect us all in some way; however, these are the sectors of industry that will feel the pinch the most. The best way to avoid these problems is by making sensible choices now. The more eco-friendly you become today, the less you will be affected by the problems associated with climate change in the future.
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